To be sure, he exaggerated rather than depreciated the merits of his new acquaintance; but still he took it as a kind of personal offence that he should have any merits at all—in the eyes of this particular young lady, that is; for elsewhere he was quite welcome to have as many as he pleased.

There are no more uses of "depreciate" in the book.

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The dollar depreciated relative to the yuan.

Although the rental house increased in value, they were able to depreciate it for tax purposes.